LOS ANGELES, CA--(Marketwire - October 15, 2010) - Eco-Safe Systems USA, Inc. (
Michael Elliot, President, said, "We are very pleased to release our Certified Audit documenting Eco-Safe's extensive and successful Product Development Program. During 2008 and 2009, Eco-Safe executed a bold and ambitious business plan allocating substantial funds to the Product Development of four new and potentially highly profitable systems. All Product Development costs were expensed in the year they occurred."
Elliot continued, "While this allocation resulted in an operating loss for 2008 and 2009, this effort was an outstanding success. Three of these systems are now in final development and will result in patent applications, some already in process. One product is now entering the full production and sales stage, with pending sales increasing due to increased demand and awareness. These products have huge sales potentials, as they have been designed for customers who have specific requirements for chemical-free, eco-friendly disinfection. Since Eco-Safe is a non-reporting company, we were not required to commission this audit, and few companies of our size and Pinksheet status would do so. However, Eco-Safe ordered this independent audit to provide our shareholders, customers, suppliers, and bankers with the most accurate information possible."
This Eco-Safe Certified Audit is available at www.ecosafeusa.com/CertifiedAudit08-09.pdf.
About Eco-Safe Systems:
Eco-Safe Systems, based in Los Angeles, is the manufacturer of patent pending water treatment and water reclamation systems. Our technologies produce ozonated water for food disinfection and water purification at significantly less maintenance cost and greater energy savings than our competitors in a completely green and organic manner. We currently offer supermarkets and restaurants a cost effective way to safely extend the shelf life of meat, poultry, seafood, fruits and vegetables. Please visit us at www.ecosafeusa.com for more information.
The foregoing contains forward-looking information within the meaning of The Private Securities Litigation Act of 1995. Such forward-looking statements involve certain risks and uncertainties. The actual results may differ materially from such forward-looking statements. The company does not undertake to publicly update or revise its forward-looking statements even if experience or future changes make it clear that any projected results (expressed or implied) will not be realized.
Contact Information:
Eco-Safe Contact:
Michael Elliot
President
Eco-Safe Systems USA, Inc.
Investor Relations & Communications:
Worldwide Financial Marketing, Inc. USA
Int'l: 1-954-360-9998
U.S.: 1-866-360-9998
www.wwfinancial.com